Photo by Land Rover MENA/Flickr
The biggest car maker in the United Kingdom has supported a startup that is working on driverless car technology.
$3m has recently been invested by Jaguar Land Rover in a US-based firm called Voyage that is aiming to produce a fleet of taxis that can drive themselves as a part of a bigger $15m funding round for the company.
The investment arrives through InMotion Ventures, the tech investment arm of JLR, through which it has backed Lyft, an Uber rival, previously among 12 investments.
Earlier this week, JLR placed $1m into a US startup creating on-demand school bus services called Sheprd after supporting it with seed cash in 2016.
SV Angel, Khosla Ventures, Amino Capital, Charles River Ventures, and Initialized Capital are also backers of Voyage, which is already on the process of testing vehicles in a gated community that is located in California. The fresh cash will go towards the global expansion of the company.
“We believe they have the capability to quickly make self-driving, autonomous taxis in residential communities a reality,” stated Sebastian Peck, the InMotion managing director.
Jaguar Land Rover began testing driverless cars on the roads late last year of Britain. It is among the several car makers and tech startups that are working on such technology which various analysts believe will change the way that people travel. This week, Daimler took a stake in a mapping startup in the United Kingdom.